Bybit Enters Tokenized RWA Market with Yield-Bearing XAUT Product

Bybit has launched a new yield-bearing product tied to Tether Gold (XAUT), allowing users to earn passive income on their holdings while maintaining exposure to gold prices.

XAUT is currently the largest tokenized gold product by market capitalization, with a market cap of nearly $3 billion as of earlier this month.

The launch marks Bybit's move into tokenized Real World Assets (RWA) products and signals growing competition among exchanges to offer structured yield products tied to real-world assets.